Notion VTec may rise higher after recouping the previous session’s losses and pushed higher from its RM1.16 low yesterday. With the stock trading at its multi-year high coupled with rising EMAs, it may see additional strength in the near term. A bullish bias may emerge above the RM1.25 level with stop-loss set at RM1.14, below the 29 May low. Towards the upside, near-term resistance level is seen at RM1.45, followed by RM1.50.

Entry : RM1.25–1.31

Target : RM1.45, RM1.50

Exit : RM1.14

Source: AmInvest Research - 30 May 2024